Number of persons engaged in larger factories was up 13.7 per cent compared to 4.6 per cent in smaller factories
Tracxn data shows that investments in domestic start-ups declined by 38.8% to $25.8 bn in 2022
The report also shows that the inflation in rural Telangana was 9.2 per cent while it was 8.3 per cent in the urban areas
This could be owing to cheaper crude oil, resilient net services exports and buoyant inward remittances
The upshot of the above figures is that despite being faced with a highly challenging external environment this year, overall, the India economy will emerge from it relatively unscathed
A few nuggets from the survey - recouping what was lost, and re-energising what had slowed down
Commodity prices will raise total import bill and add to unfavourable developments in current account balance, it says
Private capex at Rs 3.3 trillion recovers in first half FY 2023 vs Rs 2.6 trillion in first half of 2022
This also comes as India has been trying to crowd in private investment for infrastructure ever since the onset of Covid-19 in 2020
The Survey points out that the highly competitive sector is already witnessing M&As as insurers have huge opportunities and volume to co-exist in the space
Survey says agriculture needs 'reorientation' in view of new challenges
However, concerns have lately been raised over declining rates of recovery in comparison to their claims admitted through the IBC mechanism, resulting in large haircuts for lenders
The year-on-year (YoY) growth in non-food bank credit sped up to 15.3 per cent in December 2022, with the credit growth broad-based across sectors, the Survey said
At the same time, out-of-pocket expenditure as a percentage of total health expenditure has declined from 64.2 per cent in FY14 to 48.2 per cent in FY19
The Economic Survey 2023-24 is assuring and it affirms that we have completely regained lost ground, says Madan Sabnavis
The Survey highlighted the measurement issues in calculating female LFPR
Gross value added in the industrial sector posted a strong upturn, registering a growth rate of 3.7 per cent in H1, FY23, higher than the average growth of 2.8 per cent in H1 of the last decade
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Suggests simplifying tax layers, capital flow procedures like those in the US, Singapore
While the Survey documented India's position with respect to carbon emissions, it was silent on a domestic problem caused in part by coal burning: air pollution